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Afghanistan sees 25% growth in investments in 2013: AISA
By GHANIZADA - Sun Jan 12 2014, 2:56 pm
Wafiullah Iftikhar
The Afghanistan Investment Support Agency (AISA) announced Sunday that nearly $762 million was invested in various sectors during the year 2013, which shows an increase of 25 percent.
According to the AISA officials, trade exhibitions, international conferences and government’s efforts to allocate land for industrial parks, were the main reasons behind the 25 percent growth in investment in Afghanistan.
AISA chief, Wafiullah Iftikhar told reporters that the Afghanistan Investment Support Agency stepped up efforts to attract foreign and local investment in the country during the year 2013.
Iftikhar said around $605 million was invested in Afghanistan during the year 2012 in various sectors, however, the investment amount in 2013 was recorded at $762 million, which shows an increase of 25 percent.
He also added that they are planning to implement new plans and strategies to attract more investment in Afghanistan during the current year.
According to Iftikhar, allocation of $15 million budget for the creation of industrial parks for private sector is among the several strategies and plans for the attraction of local and foreign investment in the country.
The remarks by AISA chief regarding a growth in investment sector comes amid concerns regarding growing corruption in the country, and economic analysts and observers insist that strict actions should be taken to reduce or eliminate corruption, in a bid to facilitate more investments.
Meanwhile, AISA chief Wafiullah Iftikhar confirmed that certain foreign companies and contractors are not operating in accordance with the laws and regulations of the country.
He said, the Afghanistan Investment Support Agency (AISA) is currently working on new plans and strategies which will be implemented on companies and contractors, which are violating the investment laws and regulations.
By GHANIZADA - Sun Jan 12 2014, 2:56 pm
Wafiullah Iftikhar
The Afghanistan Investment Support Agency (AISA) announced Sunday that nearly $762 million was invested in various sectors during the year 2013, which shows an increase of 25 percent.
According to the AISA officials, trade exhibitions, international conferences and government’s efforts to allocate land for industrial parks, were the main reasons behind the 25 percent growth in investment in Afghanistan.
AISA chief, Wafiullah Iftikhar told reporters that the Afghanistan Investment Support Agency stepped up efforts to attract foreign and local investment in the country during the year 2013.
Iftikhar said around $605 million was invested in Afghanistan during the year 2012 in various sectors, however, the investment amount in 2013 was recorded at $762 million, which shows an increase of 25 percent.
He also added that they are planning to implement new plans and strategies to attract more investment in Afghanistan during the current year.
According to Iftikhar, allocation of $15 million budget for the creation of industrial parks for private sector is among the several strategies and plans for the attraction of local and foreign investment in the country.
The remarks by AISA chief regarding a growth in investment sector comes amid concerns regarding growing corruption in the country, and economic analysts and observers insist that strict actions should be taken to reduce or eliminate corruption, in a bid to facilitate more investments.
Meanwhile, AISA chief Wafiullah Iftikhar confirmed that certain foreign companies and contractors are not operating in accordance with the laws and regulations of the country.
He said, the Afghanistan Investment Support Agency (AISA) is currently working on new plans and strategies which will be implemented on companies and contractors, which are violating the investment laws and regulations.
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